Winning with Property Blog

Looking at buying your first-ever home? We know how daunting this can be. The information, the paperwork, and new terminology, some of which you may have never come across before, all seem excessive and overwhelming. Don’t worry, we’ve all been through this before! 

One of the first steps you’ll go through, even before finding a house that you like that’s within your budget, is getting pre-approved for a home loan. 

A bank pre-approval letter is usually about 3 pages of confusing bank jargon.

But don’t let it intimidate you. Everything you need to know is in only a few key areas. 

Will the recent relaxing of the Reserve Bank's LVR rules open up the market and make home buying easier?

We don’t think so. Not until the banks and the Reserve Bank get on the same page.

Here are two reasons why...

Most Kiwis know this simple fact: paying less interest to the bank means more money in your pocket. Almost no one uses the strategies available to pay off a mortgage the FASTEST way possible.

Banks are pretty clever. They’re aware that the rates have dropped a lot recently and therefore a lot of people will be wanting to try and secure these lower rates for themselves.

So to stop massive numbers of people suddenly jumping to a lower interest rate (meaning the bank loses money), they invented ‘break fees.’

Investment properties as part of your retirement plan is a win for many families. It can be the difference between squeezing simple pleasures into your budget week to week and exploring the world once you are retired....

Did you know there are 5 cons to buying a first home with a 10% deposit, and there are 5 pros? Keep reading to find out all 5....